Archive for the ‘Uncategorized’ Category
Project Merlin- banks miss small company lending targets
The five main UK banks have missed their Project Merlin targets for lending to smaller firms.The banks said they met their overall government-agreed commitments last year, with gross new loans of £214.9 billion against a target of £190 billion. But £74.9 billion was lent to smaller firms, less than the £76 billion target. The banks [...]
March 16, 2012
Tags: bank lending, bankers, business finance, business loans, commercial finance, Loan calculator, UK loans rates Posted in: Bank Lending, Bankers, Business Finance, Commercial Finance, Finance, Lenders, Loans Calculators, Uncategorized 
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Personal insolvencies down 11% in 2011
Eleven per cent fewer people were declared insolvent in 2011 in England and Wales than during the previous year.There were 119,850 people declared insolvent over the year, the Insolvency Service said, which was down 11.3% on the record high of 2010. In the final three months of the year, there was a 5.6% fall compared [...]
March 14, 2012
Tags: Bankrupcy, Credit Crunch, debt management plans, Loan calculator, sub prime loans, UK loans rates Posted in: Bankrupcy, Borrowing Costs, Credit Crunch, Debt Management, Lenders, Sub Prime Loans, Uncategorized No Comments
Bank of England’s Adam Posen criticises lack of bank lending
Bank of England Monetary Policy Committee member Adam Posen has criticised banks for not lending enough money to small and medium sized businesses.He questioned if bankers were “reluctant, risk-averse jerks”, or if there was a more fundamental problem. He also dismissed banks’ defence that there was little demand for new loans. He said banks had [...]
March 12, 2012
Tags: bank lending, Bank of England, bankers, banks, business finance, Credit Crunch, finances, Loan calculator Posted in: Bank Lending, Bank of England, Bankers, Banks, Business Finance, Credit Crunch, Finance, Lenders, Loans Calculators, Uncategorized No Comments
RBS Fred’s knighthood shredded
Former RBS boss Fred Goodwin has been stripped of his knighthood.Mr Goodwin, who was heavily criticised over his role in the bank’s collapse in 2008, was given the honour by the Labour government in 2004. The Queen cancelled and annulled the title following Whitehall advice. Prime Minister David Cameron said it was the “right decision”. [...]
March 9, 2012
Tags: bankers, banks, Credit Crunch, Loan calculator, nationalisation, sub prime loans, unemployment Posted in: Bankers, Banks, Financial Services, Lenders, Loans Calculators, Uncategorized, Unemployment, nationalisation No Comments
Cancer charity loses income as bank ends credit card deals
Halifax and Bank of Scotland charity credit cards will be withdrawn from the end of February.The nationalised Lloyds Banking Group which manages the card schemes says they are no longer a cost-effective way of donating to charity. In 2009 the cards raised around £1.1 million for Cancer Research UK, the NSPCC and the Scottish SPCA. [...]
March 7, 2012
Tags: credit cards, Credit Companies, Credit Crunch, Loan calculator, nationalisation, UK loans rates Posted in: Bankers, Banks, Credit Cards, Credit Companies, Credit Crunch, Finance, Lenders, Uncategorized, nationalisation No Comments
Credit companies who send text messages may be fined
Credit companies face raids and fines of up to £500,000 for sending unsolicited text messages about credit or compensation.The Information Commissioner’s Office (ICO) said tackling the issue was a “high priority”. Typical messages claim recipients are entitled to money, promise to write off debts or find a loan, or suggest accident compensation can be claimed. [...]
March 5, 2012
Tags: borrowing, Credit Companies, Credit Crunch, Loan calculator, loans rates, sub prime loans Posted in: Borrowing Costs, Credit Cards, Credit Companies, Credit Crunch, Finance, Lenders, Sub Prime Loans, Uncategorized No Comments
Outlook for global labour market worsens officials warn
The outlook for the global labour market has worsened from last year the International Labour Organization (ILO) warn.It called the situation an “urgent challenge” and said governments needed to create 600 million jobs over the next decade. The ILO said it was more pessimistic because of the weaker global economy. It added that globally some [...]
March 1, 2012
Tags: bad debts, Credit Crunch, debt management plans, Interest Rates, Loan calculator, uk recession, unemployment Posted in: Credit Crunch, Finance, Loans Calculators, Payday Loans, Uncategorized, Unemployment No Comments
Farepak- MP urges quicker compensation
An MP has urged the government to speed up the compensation process for Farepak families after it emerged 200 customers have died before receiving money.Around 122,000 customers made claims worth £38 million when the Christmas hamper firm went into administration in 2006. The information came in a letter from Farepak’s liquidators to Mike Weir, the [...]
February 28, 2012
Tags: bad debts, Bankrupcy, Credit Crunch, Loan calculator, UK loans rates Posted in: Bankrupcy, Credit Crunch, Debt Consolidation, Financial Services, Loans Calculators, Uncategorized No Comments
Citigroup posts 2011 profit rise
US banking giant Citigroup has reported a profit of £7.3 billion ($11.3 billion) for 2011, up 6% on the previous year.However, fourth-quarter profit fell 11%, as revenue declined on the back of slower capital markets and rising operating expenses. The third-largest US bank by assets reported net income of £753 million ($1.16 billion), down from [...]
February 23, 2012
Tags: bank lending, bankers, banks, borrowing, Loan calculator, US loans rates Posted in: Bank Lending, Bankers, Banks, Financial Services, Lenders, Loans Calculators, Uncategorized No Comments
Renewed surge in PPI complaints to financial ombudsman
A fresh jump in payment protection insurance (PPI) complaints has driven up the total number of cases going to the Financial Ombudsman Service (FOS).The FOS received 55,907 complaints in the last three months of 2011, up by 10% from the previous three months. That was due to a 57% jump in PPI complaints during the [...]
February 21, 2012
Tags: bank lending, bankers, borrowing, Loan calculator, loans rates, UK loans rates Posted in: Bank Lending, Bankers, Banks, Lenders, Loans Calculators, UK Loans Rates, Uncategorized No Comments
